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Describe 2 variables a government will look at to predict where the economy will be in the next six months.
What is the effect of the $400 increase in government spending and a $600 tax cut on the following indicators, ceteris paribus: (1) the change in output (GDP), (2) annual budget deficit, (3) in what context should the policy be used. Use a mpc of .75..
Suppose a union that represents some but not all of the employees in an industry is considering a strong push for increased pay for their members during the upcoming contract negotiations. However, they are concerned about the possibility that the co..
Cayman has a 35% marginal tax rate. If Cayman's sales increase 7%, what should be the increase in operating income?
The long-term result of entry and exit in a perfectly competitive market is that all firms end up selling at the price level determined by the lowest point on the:
Imagine that every time you try to use your word-processing program while running Windows 7, your system slows down or freezes. Which Windows monitoring tool (Windows Task Manager, Resource Monitor, Performance Monitor, etc.)
An instrument has been used to measure the length of a part. The result was 6.70052 cm. An error-of-measurement study on the instrument had following results:
Suppose that the Fed raises the discount rate, causing a decrease in discount loans to the banking system. Assume that the decrease equals $950 in discount loans. Show how this change in discount loans affects the liabilities and assets of the Fed an..
Illustrate what would happen to GDP if a significant number of house-spouses who were previously stay home to care for their children began taking jobs and placing their children in day care.
Briefly discuss the origin and motivations of the Luddites of the early 19th century. Do you think the Luddites were successful in their endeavors? What could they have done to better influence the role this technology would have in their lives? Are ..
Some medical clinics participate in the testing of drugs that are still in the experimental stage. In such situations the Food and Drug Administration stipulates that the physician must explain to the patient the nature of the drug, its possible bene..
In the Keynesian view, would a constitutional amendment that would require the federal government to balance its budget (incur no deficit) be desirable? Explain your answer.
Account for widespread suspicion—especially on the political left, but it can and definitely used to show up on the political right as well—that praise of the market system by economists is greatly overblown?
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